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term:
Redeemable
redeemable adj
: capable of being redeemed
;specif
: subject to redemption before maturity or after a specified time and usually with payment of an added premium [a bond] [ preferred stock]
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.